Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
ArchFelix

0 Contributions
0 People Helped
How long will it take for changing credit utilization ratio to affect my score?
I got a secure credit card about 1yr 8mos ago. I was under the mistaken assumption that utilizing it a lot (it is currently at 62%, but I have been paying the entire balance every month) would show healthy credit activity. I now understand that I should keep it at around 10-15% utilized at all times and have already started. My question is: how long will it take, keeping the balance constantly at that 10-15% rate, for my utilization percentage to affect my credit score? I'm afraid that the answer is I have to keep it at that level for another 1yr 8mos for it to finally offset. Thanks in advance for any & all advice!

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
5038 Contributions
1136 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

Your utilization will change every month and it will reflect on your credit scores right away. If you've lowered your utilization, you will be rewarded score-wise next time your creditor reports to the credit bureaus. Don't worry, there is no long wait.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.